Ok look, do you really think people haven't thought of this? Bitcoin is now almost 15 years old, and there's been Trillions of dollars worth of capital invested in it. You think investors with that much money don't have these same concerns? These were some of the first areas of concern ever addressed by its original creator(s). Many many people have said the same thing since day 1. And yet, they trust Bitcoin.
Why?
Because the network is robust and secure. It cannot be shutdown without destroying EVERY SINGLE COMPUTER in the world which runs a node, and that could be in a data center or someone's basement in a third world country. There is a reason people in Venezuela smuggle ASIC miners into the country and use their free electricity to mine to a wallet which belongs to a relative in the US so they can send food and supplies back home.
Ok look, do you really think people haven't thought of this? Bitcoin is now almost 15 years old, and there's been Trillions of dollars worth of capital invested in it. You think investors with that much money don't have these same concerns? These were some of the first areas of concern ever addressed by its original creator(s). Many many people have said the same thing since day 1. And yet, they trust Bitcoin.
Why?
Because the network is robust and secure. It cannot be shutdown without destroying EVERY SINGLE COMPUTER in the world which runs a node, and that could be in a data center or someone's basement in a third world country. There is a reason people in Venezuela smuggle ASIC miners into the country and use their free electricity to mine to a wallet which belongs to a relative in the US so they can send food and supplies back home.